Manual Accounting Practice Set Coffee & Caf Supplier, US GAAP Edition 3

Feedback: Post-closing trial balance

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Now that the closing entries have been journalized and posted, you are required to prepare a post-closing trial balance. This trial balance is prepared as a final check that closing entries have been journalized and posted correctly. Instructions for post-closing trial balance Using the general ledger, create a post-closing trial balance as at the end of June. Remember to enter all answers to the nearest whole dollar. Back-On-Track functionality Please note that any answers from previous pages carried through onto this page (either on the page or in a popup information page) have been reset, if necessary, to the correct answers. Your particular answers from previous pages are no longer shown.

(Q=960.Post closing trial balance)

Bean Counters Coffeehouse Post-closing Trial Balance June 30, 2012 Debit ($)
86688 22000 5707 110 64665 2483 2500 8000 2800 7000 0 48000 0 0 0 0 0 0 0 0 0 249953

Account No. 100 Cash 102 Short-term Investments

Name

Credit ($)
0 0 0 0 0 0 0 0 0 0 2200 0 19125 1260 1440 969 235 240 48000 65000 111484 249953

110 ARC - Accounts Receivable Control 112 Interest Receivable 120 Merchandise Inventory 130 Office Supplies 140 Prepaid Rent 141 Prepaid Advertising 142 Prepaid Insurance 150 Office Furniture 151 Accum Depn: Office Furniture 160 Office Equipment 161 Accum Depn: Office Equipment 210 APC - Accounts Payable Control 220 Wages Payable 221 Electricity Payable 222 Water Payable 225 Interest Payable 250 Bank Loan Payable 300 Common Stock 301 Retained Earnings Total

Feedback Bean Counters Coffeehouse

Post-closing Trial Balance June 30, 2012

Account No. 100 Cash 102 Short-term Investments

Name

Debit ($) 86,688 22,000 5,707 110 64,665 2,483 2,500 8,000 2,800 7,000

Credit ($)

110 ARC - Accounts Receivable Control 112 Interest Receivable 120 Merchandise Inventory 130 Office Supplies 140 Prepaid Rent 141 Prepaid Advertising 142 Prepaid Insurance 150 Office Furniture 151 Accum Depn: Office Furniture 160 Office Equipment 161 Accum Depn: Office Equipment 210 APC - Accounts Payable Control 220 Wages Payable 221 Electricity Payable 222 Water Payable 225 Interest Payable 250 Bank Loan Payable 300 Common Stock 301 Retained Earnings Total

2,200 48,000 19,125 1,260 1,440 969 235 240 48,000 65,000 111,484 249,953 249,953

Manual Accounting Practice Set Coffee & Caf Supplier, US GAAP Edition 3 (VCU3m) 2010 Perdisco / latin /. v., learn thoroughly http://www.perdisco.com Terms Of Use | Privacy Policy | Thursday, May 10, 2012, 11:13